What A Sourcing Manager At A Food Tech Company Wishes They Had Known Before Entering The Food Tech Industry
Zack, a Sourcing Manager in the food tech industry, learned that growth in the sector is much slower than in the tech world, characterized by "single digit growth, maybe double digit if you're having the best year of your life," requiring more patience than initially anticipated. This slower pace of change is a key difference between food tech and other technology sectors that prospective entrants should understand.
Industry Realities, Career Development, Patience, Growth Rate, Food Technology
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Zack Reilly
Sourcing Manager
Food-Tech Company
University of California, Berkeley
N/A
Economics
Food, Beverages & Alcohol
Operations and Project Management
Greek Life Member
Video Highlights
1. Food tech companies typically experience slower growth (single to double digits) compared to the exponential growth seen in software companies.
2. Changes and growth within the food industry are slower and require patience.
3. Understanding the growth rate of food companies is crucial for managing expectations and career planning in the food tech industry.
Transcript
What have you learned about this role that you wish someone would have told you before entering this industry?
I wish someone had told me, or I had paid more attention to, the growth rate of food companies. In the food tech space, people often think that in the tech world, everyone is after that exponential growth seen with software companies.
But the food world typically experiences single-digit growth, maybe double-digit in a best-year scenario. Any industry changes are slow, and growth is usually slower. You have to be a bit more patient.
I definitely wish someone had told me that before, but it's part of the learning experience.
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